Thermal Energy Announces Additional $4.1 Million Contract with Global Pharmaceutical Leader

  • Canadian cleantech firm hired to design, implement and commission a turn-key heat recovery project at one of the Fortune 500-listed customer's U.S. manufacturing facilities Ottawa, Ontario--(Newsfile Corp. - July 3, 2025) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, is pleased to announce that it has received an additional order valued at $4.1 million for a previously announced heat recovery project for a leading multinational pharmaceutical company. This latest order calls for Thermal Energy to design, fully implement, and commission the project on a turn-key basis, bringing the total value to Thermal Energy for this project to $5.6 million.